Bawumia Lying About Economy- Minority

The Minority, National Democratic Congress (NDC) in Parliament accused Vice President Dr. Mahamudu Bawumia of peddling untruths about the true state of Ghana’s economy.

A statement signed by Deputy Minority leader, James Klutse Avedzi, with the caption ” Vice President Dr. Bawumia Continues to Lie about the 2016 Arrears” the NDC said the Vice President stated during the 2018 edition of the New Year School of the University of Ghana that the 2016 arrears of the nation stood at GH¢ 3.1 billion despite the explanations offered by the previous administration that those claims were rather Commitments.

“We recall that when the NPP government presented the 2017 Budget Statement to Parliament in March 2017, it added GH¢7 billion to the arrears figure for 2016 which resulted in a deficit of 6.5 percent”, the statement noted.

The Minority accused the Vice President of deliberately manipulating the economic figures in order to distort the true picture of the Ghanaian economy and urged him to apologise to Ghanaians.

Below is the full text of the statement:

Vice President Dr Bawumia Continues to Lie about the 2016 Arrears

 The Minority in Parliament has taken note of some claims made by the Vice President of the Republic, Dr. Mahammudu Bawumia, at the 69th New Year School to the effect that government has met the fiscal deficit target for the year 2017.

The Minority would like to point out some inconsistencies in the Vice President’s claims.

We recall that when the NPP government presented the 2017 Budget Statement to Parliament in March 2017, it added Ghc7 billion to the arrears figure for 2016 which resulted in a deficit of 6.5 percent.

The Minority issued a statement to explain   the difference between Commitments and Arrears and what data should be included in the Arrears as Ghana moves towards the accrual accounting system.

 Strangely but not surprising, Dr. Bawumia and the NPP government appear to have taken the explanation and keep revising their GHC7 billion downwards from the 2017 Mid-Year Review.

The Vice President and government now claim it is GHC3.1 billion.

Granted that the figure is now GHC3.1 billion and not Ghc7 billion as initially claimed, why did the Vice President not revise the end-2016 budget deficit of 6.5 percent downwards by the difference of almost GHC4 billion? Why did he mislead   the New Year School, an august tradition, that the deficit remained the same at 6.5 percent at the end of 2016?

The answer is simple: the Vice President as usual is manipulating figures with the view to distort the true picture of the economy to Ghanaians, in the same way he held the end-debt of 2008 figure down at an exchange rate of GHC1=US $1 for the NPP but used a floating rate for the NDC figures.

The Vice President, also refused to tell the audience about the full extent of arrears at end-2017 (including those owed to Schools for free SHS) using the method applied at end-2016. He needs to apologize to Ghanaians and for once tell the people the truth.

 James Klutse Avedzi

 Deputy Minority Leader

 Tuesday,16th January,2018

Source: thePublisher